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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Farmer who wrote (49731)	3/10/2001 12:27:24 AM
From: MHA	Respond to of 77397

John, I agree this is not the normal skinning of the lower 2-5% workforce. This is layoff but announced with in political way. Over the last couple of yrs Cisco has really turned into layers after layers of managers instead of being a lean mean fighting machine (you know what I mean). I hope this layoff will turn out to be good for cisco and its share holders!!!

To: Stock Farmer who wrote (49731)	3/10/2001 2:17:26 AM
From: Techplayer	Read Replies (1) \| Respond to of 77397

John, I agree that cost control and a hiring freeze are detrimental to moral and in some cases performance. From what I hear, there are projects that could use new bodies right now. My recent experiences with the people at CSCO have made me believe that they are being smart in their approach to handling the present adversity. The 300 million dollar charge is interesting. They can try to bury that in a layoff, but I think (unsubstantiated opinion) that it is likely related to returned or unsold equipment rather than a personnel charge. I have heard a few stories about excess equipment in the field, but that may be entirely unrelated. tp

To: Stock Farmer who wrote (49731)	3/10/2001 8:48:35 AM
From: RetiredNow	Read Replies (1) \| Respond to of 77397

If you think about what it takes to double a company in size in 2 years, then it becomes obvious that this downturn is the best thing that could have happened to Cisco. There has got to be alot of dead weight in the company now, due to their quick ramp up over the last 2 years. You don't hire the top 10% that quickly, I guarantee you. So I'm glad they are weeding out the bottom feeders. Then also, these charges and cost tightening are all a first in the companies history. So this has been like a cold shower for Cisco. What amazes me is the rapidity with which they are making the changes. I think this is going to remake Cisco into a lean mean machine. So when the economy recovers and the other competitors are still stumbling, Cisco is going to come out of it with large market share gains. So the long term holders at that point are going to be glad they held on. Even better, the folks who are buying in right now are going to be very happy. Of course, I personally am not going to buy anymore until Cisco warns that they are going to miss this quarter and then they announce the crappy quarter earnings. By then, we might very well hit $15, which will be the steal of the century. I'll buy in then for sure. And I'll start loading up the truck on every dip.